Islamic Financial Institutions in Malaysia Ahead of the Curve in Integrating ESG with VBI: CIIF

The Chartered Institute of Islamic Finance (CIIF) states that Malaysia’s Islamic financial institutions are ahead of the curve in implementing environment, sustainability and governance (ESG) with the introduction of the Value-Based Intermediation (VBI) initiative in 2017. The CIIF stated this at the #CIIF.Tallks webinar session named ESG and Islamic Finance.

Why it Matters?

The adoption of ESG principles in the Islamic financial services sector is anticipated to bring large benefits to consumers, investors and the environment. In order to ensure a sustainable Islamic finance industry, the CIIF will focus on raising awareness on ESG. As stated by Dr Azura Othman, CIIF’s Chief Executive Officer, the main takeaways from the webinar will play...